• About
  • Advertise
  • Contact
Tuesday, July 8, 2025
  • Login
No Result
View All Result
NEWSLETTER
The NY Journals
  • Home
  • Business
  • Technology
  • Entertainment
  • Sports
  • Lifestyle
  • Health
  • Politics
  • Trending
  • Home
  • Business
  • Technology
  • Entertainment
  • Sports
  • Lifestyle
  • Health
  • Politics
  • Trending
No Result
View All Result
The NY Journals
No Result
View All Result
Home Technology

India’s SBI Q4 profit jumps 24% on strong loan demand

by Sarkiya Ranen
in Technology
India’s SBI Q4 profit jumps 24% on strong loan demand
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


STATE Bank of India, the country’s largest lender by assets, reported a 24 per cent rise in its fourth-quarter profit on Thursday (May 9), aided by strong loan demand.

The state-run lender’s net profit rose to 206.98 billion rupees (S$3.4 billion) in the quarter ended Mar 31, from 166.95 billion rupees a year ago.

Indian banks have consistently reported strong loan growth over the past few quarters boosted by consumer spending amid firm economic growth.

SBI’s interest earned grew nearly 20 per cent to 1.11 trillion rupees in the reported quarter.

Shares of the bank rose as much as 2.8 per cent after the results and were last up around 1 per cent. REUTERS



Source link

Tags: DemandIndiasJumpsLoanProfitSBIStrong
Sarkiya Ranen

Sarkiya Ranen

I am an editor for Ny Journals, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

Next Post
Japan’s NYK Line, Singapore’s GCMD to launch six-month biofuel bunker project

Japan’s NYK Line, Singapore’s GCMD to launch six-month biofuel bunker project

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Friend “Shot Multiple Times During Evening Walk” In US: TV Actor

Friend “Shot Multiple Times During Evening Walk” In US: TV Actor

1 year ago
Trump Turnberry sends 'honest' Open plea to R&A and makes LIV Golf decision

Trump Turnberry sends 'honest' Open plea to R&A and makes LIV Golf decision

9 months ago

Popular News

    Connect with us

    The NY Journals pride themselves on assembling a proficient and dedicated team comprising seasoned journalists and editors. This collective commitment drives us to provide our esteemed readership with nothing short of the most comprehensive, accurate, and captivating news coverage available.

    Transcending the bounds of New York City to encompass a broader scope, we ensure that our audience remains well-informed and engaged with the latest developments, both locally and beyond.

    NEWS

    • Business
    • Technology
    • Entertainment
    • Sports
    • Lifestyle
    • Health
    • Politics
    • Real Estate
    Instagram Youtube

    © 2025 The New York Journals. All Rights Reserved.

    • About Us
    • Advertise
    • Contact Us
    No Result
    View All Result
    • Home
    • Business
    • Technology
    • Entertainment
    • Sports
    • Lifestyle
    • Health
    • Politics
    • Trending

    Copyright © 2023 The Nyjournals

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In